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and well. latest fm threatening stris as more than dozen up shipping ports. big deal you say? very big deal and here's why. a lot of stuff in the ships that frequent ports, everything from electronic items you found a hard time getting your hands on this holiday season to basic consumer staples like fruits and vegetables you might not find anywhere. unions navigating uncharted waters and going at our wallets because any delay getting stuff off the ships i tell you is going to be big, ship. and i'm not, shipping you. i practiced that repeatedly. in fact, after you hear what we're about to tell you will almost wish the mayans were right. now the cost of living has just gone way, way up. to melissa francis, who says we don't need any of this. caroline heldman who said unions are actually entitled to do this. caroline, oh mayan, you have some explaining to do. what do you think? >> well, neil, i think that wages hhve been stagnant since the early '80s because of decline in unions. that unions make wages 28% higher. neil: artificially higher. artificially higher. >> wages have not kept up with i
. that does not sound like they moving the ball forward. >>shepard: in public. >> a strike at major ports in california could make it harder to find gifts this holiday season. we will have an update on negotiations. and iran military leaders say they captured a united states drone. again. but the united states says hang on, iran, so what is this thing the iranians are showing on iranian state tv? that is ahead. [ female announcer ] the humana walmart-preferred rx plan p-d-p gives you a low $18.50 monthly plan premium... and select generic hypertension drugs available for only a penny... so you can focus on what really matters. call humana at 1-800-808-4003. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day afr day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] e pill eachmorning. 24 hours. zero heartbur >>shepard: officials are denying claims that iran has captured another american drone. the denial is after iranian state television aired images of thi
strike by longshoremen. union leaders for nearly 15,000 dock workers at every port from texas to maine say they'll walk off the job on sunday. we asked anna werner to find out how a strike would hurt the u.s. economy. >> reporter: the port of houston handles 42 million tons of cargo every year. it extended its hours this week to try and get shipments in and out before a strike can bring the port to a standstill. jim gillis is vice president of gulf intermodal services, a container trucking company. >> we've seen a dramatic increase in volumes and congestion as a result. >> reporter: what happens if they can't get all the goods out of the port? >> you have containers being held in yards around the houston area, specifically, so you're going to see stores are going to have problems stocking. >> reporter: negotiations between the international longshoremen's union and the shipping companies are deadlocked over a proposal to cut royalties paid to 15,000 dock workers for each ton of cargo they move. a shutdown would affect 15 ports on the east and gulf coasts, including new york, baltimore,
, still drifting at this point. >>> america's fastest growing port, you think it is los angeles, maybe new york, think again. savannah, georgia tops the list thanks to exports of chicken feed, a delicacy in asia. the head of the port is up ahead. tracy: maybe he will tell us how to eat those. ashley: no. tracy: outrage over spending bill for superstorm sandy is filled with pet projects in washington, d.c. while people are still devastated by the storm. liz claman on the story. ashley: from chicken to pork. time for stocks now. as we do every 15 minutes we head to the floor of the new york stock exchange, and nicole petallides. the market is literally at a stand till over this fiscal cliff. >> i knew you knew where we were going every 15 minutes, ashley. we have to check in on the markets. you're seeing the dow who haver around the unchanged line, down three points now. tech-heavy nasdaq the worst of the bunch down one half of 1%. app, i'm also watching whether or not the dow will have winning week. we had three straight weeks in a row of gains. if we close right here right now we're all ri
. this is the looming port strike threatening to shut ports from boston, miami and beyond. florida governor rick scott telling the media a strike will be devastating to his state's economy. governor's right but it's an entire nation about to get slammed. brent is the president of miller and long construction. we import -- we pointed out somewhere around 65% of international trade hits the ports. we import cars, we import produce, we import oil and gas. explain how this will affect the prices for people watching right now of everything. >> well, it will be very significant in a lot of ways. we're talking about eleven ports, basically from boston pretty much all the way around to houston. the reason governor scott is concerned is there are four ports in florida that will be affected. this is containerized shipping. electronic goods, food stuff and things like that. it could be massive impact, especially in this -- we had retailers getting trouble getting back on track. it will affect everybody's pocketbook eventually. >> eric: tell us how it trickles down to the consumer. >> basically everything will be
that could shut down some of the country's busiest ports. we'll show how it could impact you. ?o [ female announcer ] what if the next big thing, isn't a thing at all? it's lots of things. all waking up. ♪ becoming part of the global phenomenon we call the internet of everything. ♪ trees will talk to networks will talk to scientists about climate change. cars will talk to road sensors will talk to stoplights about traffic efficiency. the ambulance will talk to patient records will talk to doctors about saving lives. it's going to be amazing. and exciting. and maybe, most remarkably, not that far away. the next big thing? we're going to wake the world up. ♪ and watch, with eyes wide, as it gets to work. ♪ cisco. tomorrow starts here. by the armful? by the barrelful? the carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. >>> it was a wild ride to election day 2012. jim acosta has the top ten campaign stories of the year. >> reporter: the year started off with a surprise i
crippling port strike grows. have you heard about this? if workers walk off the job on december 30th, we're looking at a billion dollar a day hit tothe economy. that is a great way to start out 2013. even when they say it's not, it is always about money melissa: all right. first let's take a look at the day's market headlines. stocks falling off today after two-day hot streak with all three major indices closing in the red. investors spooked by bad housing data and all that nonsense in washington. w closing down almost 99 points. another rough day for gold. a rise in homebuilder confidence driving investors away for a two-session loss ofnearly 2%. right now gold is hovering around $1670 an ounce. oil futures for a fourth straight session of gains, crude oil for january delivery gained 1.8% to settle at $89.51 a barrel. >>> all right. we're going to start tonight with a special holiday treat. it's the week before christmas and all through the house, lawmakers are frantic and starting to grouse. not from the cliff, though they do say they care, but from more and more bailouts which could s
.com/pricerewind. >>> as if the looming fiscal cliff wasn't enough to worry about, now 14,000 dockworkers at ports from massachusetts to texas are threatening to go on strike sunday. that could cost americans billions of dollars, because shipping costs on everything from shoes to cars would skyrocket. cnn's brian todd is at the port of baltimore. >> reporter: victor, this is a crucial port for commerce in this region. this is the seager terminal in baltimore. you see a containership to my right, the terminal on my left. over my left shoulder, 600,000 containers move through the port of baltimore every year, billions of dollars' worth of goods but that could all come to a grinding halt if the dockworkers and the shipping companies can't reach a deal. they moved everything from our cloths to toys and electronics through the ports and into the marketplace but a lot of the goods won't be making it to our stores if longshoreman from maine to texas go on strike. that's what could happen by sunday if a deal can't be reached between the major shipping companies and a union representing nearly 15,000 longshoremen. >> the imp
bullish going forward. back to you. melissa: thank you. a strikeout the nations busiest port complex. costing the nation a billion dollars a day. the port of long beach director joins us just ahead. lori: let's see how the dollar is trading. it is a weaker dollar with big euro pushing up to 130. the dollar weaker, really, across the board. we will be back with more after this. ♪ twins. i didn't see them coming. i hai need to rethink the oblco of my portfolio.atio. what i reallneed is sleep. introducing the ishares core, buildi blocks for the hearof your portfoli find out why 9 out of 10 large professional investors chse ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. he's going to apply testosterone to his underarm. axiron, e only underarm treatment for low t, can restore testosterone levels back to normal in most men. axiron is nofor use in women or anyone younger than 18. axiron can transfet
could suffer yet another major blow. looming strikes at ports from next sass to boston are threatening to put thousands of americans out of work. with potential losses for u.s. businesses ranging in the billions. >> the port of baltimore is one of maryland's largest economic generators. any type of work action that may result in a suspension or stoppage of work would have an adverse effect. >> we handle more cars, we handle more farm and construction equipment than any other u.s. port. patti ann: we're learning that adverse effect could take a toll on the economy. fox business network's stuart varney has more for us on that this morning. good morning, stu. >> good morning, patti ann. you're talking about two million tons of cargo a day. you're talking about billions of dollars of commerce every single day. if there is a port strike that takes place possibly on sunday of this weekend, then 14,500 dock workers walk off the job at 14 major ports on the east coast and the gulf coast. directly affected? retailers who will have a hard time getting supplies in for the spring sales. the wareho
billion worth of damage to rail subway and port infrastructure in their state. they testified on surface transportation yesterday. >> i call this hearing to order. thank you for joining us, mr. secretary. i asked you to testify today because i'm deeply concerned about the recent report that the f.h.a. could potentially need taxpayer support for the first time in its 78-year history. i would like you to help the committee gain insight into the fiscal challenges at the f.h.a. and what h.u.d. has done and can do to mitigate losses and address the shortfall in the capital reserve ratio. f.h.a. has been helping save lives of the mortgage market by ensuring that qualified lower to moderate income and first time home buyers have access to credit since 1934. since the beginning of the financial crisis, the f.h.a. has increased its market share from below 5% in 2006 to about 30% at its peak volume in 2009, in pursuant of that mission. this cyclical expansion was essential to the mortgage market, especially for first time home buyers who have comprised 78% of single family loans insured by f.h.a.
port complex. workers are expected to return to work this morning. clerks at the ports of los angeles and long beach, california had been on strike for eight days. the deal was reached hours after federal mediators entered the talk. the port handles a billion dollars worth of cargo a day. >> the flu season has gotten off to an early jump. and in one county in tennessee, closing classes for the rest of the week. this year's strain of the virus is more severe. >> reporter: if you haven't had your flu shot yet, now is the time. health officials say this is the earliest start of the flu season in nearly a decade. centers for disease control says alabama, louisiana, mississippi, tennessee and texas are all reporting higher than normal cases. >> we usually see flu begin to have an uptick in about four to six weeks from now. so seeing it this early could will predict not only a longer but a more severe flu season. >> federal health officials say the most common strain this year tends to make people sicker than usual but they are encouraged because this year's vaccine seems to protect against
at the port of los angeles that stranded all of those christmas presents, it costs us about a billion dollars a day in lost business and shut down the nation's busiest port and stranded ships full of fabulous retail merchandise. all of that is now being unloaded. port officials now say it will take about a week to try to get back to normal. sounds like things are solved. i'm joined by the mayor of los angeles, antonio villaraigosa who helped broker the deal to get the port workers back on the job. i want to talk about the port in just a moment. first i want to talk about pressing national business. something called the fiscal cliff, which i know you have been watching. you're very closely aligned with president obama having been the chair of the democratic national convention in september. i want to get your take on this. this is critical to your state. businesses in your state. taxpayers in your state. do you have any optimism that we may not go off the cliff? >> i do have optimism. there's no question about it. i think both sides understand that it's not in the nation's best interest for us
for the third straight month to reach the highest level in two-and-a-half years. major port strike has been averted for now after mediators got the long shoreman's union to postpone it for month to work out time detail osafter new contract. correspondent phil keeting is following that story from miami. >> at least one end of the year cliff has been averted for now. container cliff. there will be no east and gulf coast port strike happening this weekend. but both sides still have much to work out. if they don't, five weeks from now will be right back to a sweeping strike with great consequences. >> a strike in long beach in los angeles a few weeks ago. that was close. if you cost that area, $1 billion a day. >> sticking point has been the container royalties. salary supplements for long shoremen. heavier the container, the more they get paid. the owners want to cap the royalties at last year's levels to 15,000 long shoreman did not. this from the federal mediator in washington. "the container royalty payment issue has been agreed upon in principle by the parties subject to achieving an overa
. >>> imagine every shipping port from massachusetts to texas shut down. nothing gets in or out. unions mobilizing to strike this weekend. if they don't get their way, will everyone pay? [ male announcer ] it's simple physics... a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis sympto. but if you have arthritis, staying active can be difficult. prescription celebrex can help relieve arthritis pain so your body can stay in motion. because just one 200mg celebrex a day can provide 24 hour relief for many with arthritis pain and inflammation. plus, in clinical studies, celebrex is proven to improve daily physical function so moving is easier. celebrex can be taken with or without food. and it's not a narcotic. you and your doctor should balance the benets with theisks. all prescription nsaids, like celebrex, ibuprofen, naproxen, and meloxicam have the same cardiovascular warning. they all may increase the chance of heart attack or stroke, which can lead to death. this chance increases if you have heart disease
. >>> problem averted? dock workers that were threatening to strike and shut down ports tomorrow come to a temporary deal but could the country be facing the same problem in 30 days? we'll talk about that. >>> plus, severe weather could be on the way to the east coast as parts of the country continue to recover from storms that crippled communities already. who may be affected this weekend? >>> plus -- >> from father to father, president, i just ask that as a father just to consider what's happening to the families that are in process. >> couples hoping, praying to adopt russian orphans and pleading with russian president vladimir putin after he signs a law banning americans from adopting russians. one advocate said they're small change in a game between two states. >>> as always, join our conversation on twitter. you can find us. >>> another winter storm is moving in to parts of the country right now. 65% of this nation blanketed from snow from the last one. look at that map. a whole lot of snow in a lot of places. that massive system is gone but not after a foot of snow in new engla
port -- >> we have the big red doing, cliff clafb, listen, to me this is probably a bigger issue in the short term. here's the thing. 15 ports, container ports may go on strike if they don't get a deal made on their contract. they extended from september to now, it's going to expire. this is 40% of the nation's container traffic. it won't impact cars, food or military items. they'll still work for load and unload those, but 40% of all the goods that will come in our out of the this country sitting idle at 15 different ports? that could slam retail sales. our economy, 74% consumer spending, could cost us a billion dollars a day. take your pick of cliffs. we have a cornucopia of cliffs to face as we head into this new year. >> one at a time. brian sullivan, thank you, sir. >>> just after firefighters were shot in webster, new york. there's another deadly shooting. three police officers from camden, new jersey are in the hospital off being shot in a police state officials say one was shot below his bulletproof vest. the other two officers are being treated for graze wounds. police s
shut down ports all over the east coast have been averted for now. the longshoremen union along the east coast and the gulf of mexico says it will extend its contract for the next 30 days. that extension prevented a possible strike which could have crippled operations at ports that handle nearly half of all cargo in the united states including in our area at the port of baltimore. >>> we have breaking news tonight out of prince george's county where we are following a deadly fire in a townhome in green belt. you're looking live at the scene on laurel hill road. the flames broke out an hour ago. fire investigators say one person is dead in this fire, two others in the hospital, but with nonlife threatening injuries. no word yet on a cause. >>> a news alert from the district, d.c. police want to talk with these two men they are calling persons of interest in the murder of a man on capitol hill. the victim, jason emma, was shot and killed monday while he sat in his car on c street northeast blocks from his home. emma grew up in arlington county and had just recently moved to capito
. >>> grover, we have to leave it there. thank you. >> okay. >>> imagine every shipping port from massachusetts to texas shut down. nothing gets in or out. unions mobilizing to strike this weekend. if they don't get their way, will everyone pay? >> forget the fiscal cliff. how about a container cliff and what it m do to the economy. time's running short and a standoff between long shoreman union workers and companies could cripple the nation. unless they reach a dea they plan to strike this weekend. we reached out but haven't heard back yet. steve moore is here with us. if th strike happens, some estimates say $1 billion per day hit to the economy. >> yeah, the's no question. if you -- you used the right word, cripple the economy. the ports in this country are the backbone of our trade, both export and imports and i've read estimates of $100 billion or more comes in and out. so it cook devastating, and reverberate throughout the economy. retailers, whesalers. food distributors, everybody would be affected by the strike if it goes forward. >> exactly what do the unions want and what is managemen
-out could affect ports from boston to houston. >>> for the second time this month a man has been pushed to his death in the path of a new york subway train. >> crazy people running the streets. >>> an uninvited guests slithered into a backyard in florida. >> somebody else got the shower on the sideline. >> jamal crawford who i think should be an all-star coming off the bench is dangerous. be still. >> and all that matters. >> hillary clinton plans to go back to work just in time for the new year. >> two reather than get angry and you show it you live a lot longer. >> he gives a speech about hitting the debt ceiling! i'd like to see if he could even count to 1 million much less 16.4 trillion! captioning funded by cbs >> it's friday welcome to "cbs this morning," everyone. i'm jeff glor with rebecca jar sis. charlie, gayle and norah are off. there are predictions but little progress in washington with a deadline for the fiscal cliff now just four days away. >> president obama meets later today with congressional leaders in one last effort to make a deal before the dead
. these are the workers who move goods from the nation's ports to the stores. >> everybody from your mom and pop retailer to your farmer, to the trucking company who has go in and pick up the containers at the ports. this will be felt not just at the local economy, but nationwide for everybody else who relies on these ports. >> one port official says east and gulf coast ports handle about $55 billion worth of cargo a month so a strike could have a major effect on the retail business. >>> land lines not going the way of the vcr just yet. older americans are slow to get rid of land lines and go mobile. the centers for disease control asked 20,000 households about trends throughout the year. the study found about 52% use cell phones for all of their cal calls, that's less than 2% increase from previous years. the older generation is slower to make the switch. >>> patrick democracy might play a doctor on television but he's doing some economic cpr in real life. the ""grey's anatomy" start" trying to rescue a coffee shop chain in seattle. they're hoping to save about 500 jobs. democracy said he within as to g
was the majority leader. his wife elizabeth dole and he left the port and republicans voted down the street. he was recently released from walter reed military center. now an independent caller from ohio, lee. caller: good morning. i am calling about something i have not heard about. people willing to take the $15 or $20 extra they're getting from the to% tax break, it is coming off their pension when they retire. social security is based on what you contribute. host: you are talking about the payroll tax cut, extending that possibly as part of the fiscal cliff negotiations. caller: right. it will cost them in the long run. host: because the money is coming out of social security. politicians say that will not happen. they say social security will have its money. caller: they tell you all kinds of things. host: john in atlanta, democratic caller. caller: how are you? it seems like it is open phones. i think as far as the fiscal cliff is concerned, the democrats and republicans need to come together and they need to do that rather quickly, because that's the way i feel about it. host: do you thi
blow sometime soon not from the fiscal cliff, but from a union strike that could shut down major ports from coast to coast. should the white house step in? we're going to be talking smoot holly in a second. heather: former president george h.w. bush has been hospitalized for more than a month. what doctors are now saying about the former president's health. gregg: and from twilight twists to secret e-mails to the cia, a look back at the biggest scandals, scandals of 2012. oh, yeah, that was a scandal. heather: that's a big one. ash cd from capital one, sven gets great rewards for his small business! how does this thing work? oh, i like it! [ garth ] sven's small business earns 2% cash back on every purche, everday! woo-hoo!!! so that's ten security gators, right? put them on my spark card! why settle for less? testing hot tar... great sinesses deserve great rewards! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? here's your invoice. heather: welcome back. an upd
load or unload cargo at any of the ports, l.a. or long beach. adam houseley's there live. what's the latest there, any movement in. >> reporter: not much movement at all. a few ships are getting through. the quote given to me this morning was they're trickling in. i'll step away, you can see to the port complex. l.a./long beach, the twin bolters. 40% of all cargo traffic in the country comes through here, the largest port complex in the country. you put the two together, you separate 'em out, and they're one and two. cargo ships just sitting there waiting to be unloaded. we know of at least 11 ships that have gone to other ports because this port has been shut down for a week. as far away as panama. nothing's getting through here, as i mentioned, one port employee said stuff is just trickling through. bill: what are the two sides saying, adam? what are you hearing? >> reporter: well, both sides, of course, blame the other side. the clerical workers are the ones that have gone on strike here. there's about 800 of them. they say that when they retire, those jobs are being moved o
. >>> another executive quits his job at the port of oakland after an independent investigation into expenses charged to the port. the probe found dozens of employees put questionable charges on the port credit cards. >>> got your traffic and rain on the way coming up. ,, ,,,,,, >>> good morning. a live look at the bay bridge, it's backed up solidly through the may see this morning. there is a stall reported near the metering lights so that's not helping the commute about 20 to 25 minutes to get on the bay bridge. the nimitz 880 through oakland looks good towards downtown. and once again a dense fog advisory issued by chp for portions of eastern contra costa. >> patchy fog out there now out the door. watch out for that especially in some of the interior valleys. but yeah, looks like the 30s and 40s right now. by the afternoon, only in the 50s and 60s. increasing clouds chance of rain is on the way. [ laughter ] [ girl ] wow, you guys have it easy. i wish i had u-verse when i was your age. in my day, we didn't have these fancy wireless receivers. blah blah blah. if i had a sleepover, i couldn
this on their own without some help. the only port they have, they have one port, which is sanctioned in terms of the sea travel in and out of the port and any part for the missiles would have come through china which is north korea's only friend and, then, the voice of america reported this week that an iranian team had been seen in north korea in recent days and there is some presumption that, in fact, iranians may have helped them. this is the first successful long-range rocket this year. earlier in april it was not successful. certainly, all eyes are on iran in weres of the role it my have played. >>shepard: thank you. we have used a carrot and stick approach with north korea over the years. it doesn't really seem to have made were of a difference. we will look at the diplomatic efforts with the former away bill richardson who has lots of experience dealing with north korea. and 100 countries throwing their support behind the syrian rebels . so, this board gives me rates for progressive direct and other car insurance companies? yes. but you're progressive, and they're them. yes. but they'r
ports in southern california are refusing to cross the picket line and set up by clerical workers. today, both sides have reached an agreement of sorts. they agree they need a federal mediator. i want to bring in miguel marquez in long beach. what's the deal? what's the hang-up here? >> reporter: well, the hang-up is over language regarding outsourcing of jobs. only talking about 800 jobs in total, and a small fraction of those are their clerical workers at the port that are striking. one of the people who is a -- represents the labor union said they were miles away a few days ago. now about a yard away. the mayor of los angeles has been up all night, he got in from an overseas trip in l.a.x. up the way here. he came here last night about midnight and he's been up with the negotiators all night trying to get them to this point today. here is how he described how those negotiations are going. >> i can just tell you as a general proposition that there is too wide of a chasm between the parties now, though the good news is they have agreed to federal mediation, they had not agreed -- agreed
. the nation's busiest port complex is back in business after an eight-day strike halted operations. the ports of los angeles and long beach, california reopened today after port operators and the worker's union reached an agreement late tuesday. the union said it won new protections against job outsourcing. port officials said during the walkout, they were unable to move some $760 million worth of cargo a day. wall street had a day of ups and downs and investors watched economic reports and weighed chances for a fiscal cliff deal in washington. the dow jones industrial average gained more than 82 points to close at 13,034. but the nasdaq fell nearly 23 points to close at 2,973. the day's big loser was apple, down more than 6% over concerns that smart phone sales are lagging. former texas congressman jack brooks has died. he served 42 years in the house, and was in the dallas motorcade on november 22nd, 1963 when president kennedy was assassinated. hours later, brooks was on hand as vice president and fellow texan lyndon johnson was sworn in to the presidency. later, brooks helped author the 1
not be so significant is the fact they're making it is significant. russia has a very critical port along the syrian course along the mediterranean the port of tartuse. russia is trying very hard to keep tear influence inside syria and may be trying to play both sides of the coin here. they want to keep assad so they have influence with him and to hedge their bet to gain as much influence with the syrian rebels so if the rebels win they get to keep the port which is their only naval port outside the russian federation. going forward this turned into a little bit of a proxy war. a number about weapons the rebels are getting especially coming from outside powers. obviously president assad has been resupplied by iran and russia. rebels being supplied by saudi arabia, qatar and also turkey so that both side here have little interest in a peace deal. more interestingly both sides, the saudis and the iranians, have an interest in trying to see this go on as long as possible and an interest seeing their side win inside syria. they're willing, more than happy in fact, to supply money and weapons
on sunday between labor union shipping at ports from boston to houston, could be halted. insiders say a deal looks like a long shot. right now over 14,000 workers are threatening to strike at 14 major ports. you see them go all along the south and east coast. not only will a strike cause billions of dollars a day, it will force shipping costs to rise. things will be delayed coming in. right now the union is fighting for workers to be paid per shipping container, which comes out to a salary of $124,000 per year for each worker. >>> mother nature adding insult to injury to people still trying to recover from super storm sandy. many in sea bright, new jersey, was devastated down there, say this week's nor'easter was like being kicked while down. one homeowner picked what she could salvage from sandy in a container. she sadly discovered it flooded. >> i don't know what to do about that. i'll have to -- first of all, get it out and get it someplace and dry it out. >> juliet: i drove down there three weeks ago, i could not believe what i saw. about 150 out of the 300 people who live there stayed.
strike in the nation's port on the east and southern coast, the first since '77 that could cost retailers and importers billions. businesses now asking its white house to get involved. >>> you can now get the nokia lumia for free, depending on the service provider contract you sign s that standard practice or a sign the company's flagship phone suspect selling well? >>> we will start off with news about the fiscal cliff. congress returning to capitol hill today to try to get a deal done on the cliff before the deadline on december 31st. senate majority leader harry reid is working to see if the scaled backpackage the president laid out last week can get through congress before monday. meantime, treasury secretary timothy geithner says the government will hit the debt ceiling on monday and he is launching an emergency plan to avert a crisis. amm eamon javers is live. what do we know? >> the president is coming back early, a couple days earlier than his vacation. did a little bit of jogging, working out in the gym over his vacation. now he will be,ing would out on this fiscal cliff. the sen
earrings, watch and gold chain, but no one was hurt. >>> union workers at the port of oakland have voted to ratify a new contract. >> more than 200 people went out on strike last month, disrupting operations at the port. electricians, security personnel and janitors now have approved a contract that includes a 2.5% cost of living raise in 2013 and 2014. the board of port commissioners still has to approve the deal, however. >>> and a north bay oyster company is fighting an eviction order by the federal government. a 40-year agreement between the park service and drinks bay oyster company expired last month. the park service says the company's operations threaten endangered species in the area. but now the owners have filed a complaint in court saying the interior department's denial of a permit extension violates federal law. but meanwhile, oysters are turning up in a surprisingly new place. >> about a hundred of them were discovered in the vallejo municipal arena. as don ford tells us, it is a sign the ecosystem there is starting to recover. >> reporter: the city of vallejo was dredging
. more than 10,000 employees at the ports of los angeles and long beach are refusing to return to work. a similar situation back in 2002 cost the city an estimated one billion dollars a day and took supply chain more than six months to recover, affecting nearly everybody. there is concern this strike may have even greater impact considering the fragile state of the economy in our country. adam housley is live at the port in long beach. adam, what is the latest there? >> reporter: jenna both sides are actually meeting at the table right now as we speak, the mayor of los angeles, other political forces are here as well trying to push both sides forward to find a settlement if at all possible. 800 workers, clerical workers walked off the job here. because of that 10,000 longshoremen won't cross. we talked to both sides. clerical workers say they're upset for a number of reasons. their main contention once they retire their shock jobs are shipped overseas. they don't want the jobs outsourced. they walked out on the lines here. >> we are making progress but i will tell you we are committed
. >>> and all hell broke out. the shift began to lift, had great big holes on port side. >> he was there on the day that lives in infamy. a local pearl harbor survivor gives his account of what happened on the day the japanese attacked. >>> plus, a rare salmon siting in the east bay. they haven't been seen there in 50 years. what's bringing the fish back to that area. ,, ,, [ crickets chirping ] [ traffic passing ] ♪ [ music box: lullaby ] [ man on tv, indistinct ] ♪ [ lullaby continues ] [ baby coos ] [ man announcing ] millions are still exposed to the dangers... of secondhand smoke... and some of them can't do anything about it. ♪ [ continues ] [ gasping ] marked the 71-st anniversarf >>> a moment of silence then followed by afullyover. pearl harbor survivors and their families mark the 71st anniversary of the surprise attack. about 30 survivors, many using walkers anagens attended the commemoration in hawaii. the attack killed 2,400 people and launched the u.s. into world war ii. a sailor found himself on battleship west virginia december 7th, 1941. he vat down with c
of the export numbers here. the exports came in at 9% growth. but that was supposed to be a slowdown. tim port numbers came in at zero growth and a lot of people were expecting to see an easing of 2% growth. so the figures that came out really were underscoring people's concerns, especially in the manufacturing sector about the health of the growth demand, specifically to europe as well as to the united states. so the shipments to the u.s. looks pretty bag. they clocked negative growth. this is very rare. and the shipments to europe were even worse. we saw shipments to europe fall by 18% year on year. this is the worst performance that we saw in three years. so overall, peek are quite concerned about the fiscal cliff, they're worried about whether or not the countries in those parts of the world will continue to by chinese aid goods. if you look at those figures in isolation would show a negative picture. however, if you look on the other side, there are some other numbers that were offsetting those trade data figures. we had the factory overput figures over the weekend. retail sales numbers c
lake and clover dale and lake port. but the majority is still waiting for the first drops of rain. the central and south bay, they are currently just sitting there dry and cloudy. the wind advisory will be windy along for the rainfall at the coast and the city of the north bay with the sustained winds. and some isolated gusts to 50 miles per hour tomorrow morning. here's that much rain. just a couple drifts there. three to six inches of new rainfall for the north bay mountains. you'll see two to five inches of rain and santa clara county. two to three inches of new rainfall by the end of the week. the timing arriving and how long it will stick around and whether or not it will impact your travel coming up before christmas in a few minutes. >> all right, thanks. >>> whiteout conditions stranding fliers in the midwest. it dumped tons of snow in the midwest. more than 500 flights out of chicago's o'hare and midway have been canceled. airlines are waiving fees for customers who want to change flights because of all that snow. >>> six more victims of the newtown massacre were laid to r
dollars a day. anna werner is in houston at one of the ports that could be facing a walkout. good morning. >> reporter: good morning, rebecca and jeff. yes. there are two days to go before the strike deadline. they're at an impasse. at issue is pay for those working in the ports. but if it doesn't get resolved, the consequence could be a devastated impact on the economy. as the rest of the country focuses on the gridlock in houston, many are working overtime trying to get as many shipments out as they can before it comes to a standstill. the vice president of the national retail federation says a shutdown at the docks would have a ripple effect on the global economy. >> the ports are a primary piece of the global supply chain. if they're not operating efficiently, it slows down the system and hurts everything using the system. >> reporter: negotiations between the international longshore men union and the shipping companies are deadlocked. a shutdown would affect 15 points from boston down the east coast of florida and into the gulf of mexico as far west as houston. these ports handle nea
a billion dollars a day. that's just one port. this is going to be newark, the gulf ports down in houston. adam: what seems to be a sticking point is a fee that the men and women who unload the containers get paid by the weight of the container. one thing not knowing too much of the details of where the hold-up is, the containers are getting larger and larger. what the ports are saying is it's too expensive. it hit a point where the the fees can't keep growing. they want to cap it. that seems to be where they are at loggerheads. you don't want to shut down commerce in the united states and that's what this will do. liz: it would stretch from maine to houston apparently. it would choke supply chains across the country. and whether or not the federal government would step in and mediate this one is going to be a key issue going forward for any similar labor disputes. david: if the government does, of course the obama administration has been seen as being pro union, would that continue to be pro union even though being pro union could cripple this economy. liz: it depends on whoois on the bo
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